PEEL FINANCE (UK) LIMITED ANNOUNCES REDEMPTION AND DELISTING OF NOTES
Peel Finance (
Eurobond Redemption and De-Listing of £70,000,000 Loan Notes and all issued PIK Notes
On 2 September 2010, the Cayman Islands Stock Exchange admitted to listing up to GBP 300,000,000 Floating Rate Redeemable Loan Notes due 2020 (the "Loan Notes") and up to GBP 300,000,000 Floating Rate Redeemable Payment-in-kind-Notes due 2020 (the "PIK Notes") to be issued by the Company.
The board of directors of the Company now announces that the Company has redeemed £70,000,000 Loan Notes with effect from 31 March 2014. £283,531,739 Loan Notes remain in issue.
The board of directors of the Company also announces that the Company has redeemed £3,714,644 PIK Notes with effect from 31 March 2014. Following this redemption there will be no PIK Notes in issue.